Kuwait Real GDP Growth

2010 - 2020 | Quarterly | % | CEIC Data

The Gross Domestic Product (GDP) in Kuwait contracted 2.5 % YoY in Mar 2020, following a growth of 2.6 % in the previous quarter. Real GDP Growth YoY data in Kuwait is updated quarterly, available from Jun 2010 to Mar 2020, with an average rate of -0.7 %. The data reached an all-time high of 13.5 % in Dec 2010 and a record low of -5.6 % in Mar 2017. CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. Central Statistical Bureau provides Real GDP in local currency, at 2010 prices.

In the latest reports, Nominal GDP of Kuwait reached 30.1 USD bn in Mar 2020. Its GDP deflator (implicit price deflator) fell 7.9 % in Mar 2020. GDP Per Capita in Kuwait reached 30,436.7 USD in Dec 2018. Its Gross Savings Rate was measured at 36.1 % in Dec 2018.

View Kuwait's Real GDP Growth from Jun 2010 to Mar 2020 in the chart:

Kuwait Real GDP Growth

What was Kuwait's Real GDP Growth in Mar 2020?

Last Previous Min Max Unit Frequency Range
-2.5 Mar 2020 2.6 Dec 2019 -5.6 Mar 2017 13.5 Dec 2010 % quarterly Jun 2010 - Mar 2020

Real GDP Growth by Country Comparison

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Includes Real GDP Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) -11.0 Jun 2020 quarterly Mar 2010 - Jun 2020
Algeria (%) -3.9 Mar 2020 quarterly Mar 2012 - Mar 2020
Argentina (%) -19.8 Jun 2020 quarterly Mar 2005 - Jun 2020
Armenia (%) -9.1 Sep 2020 quarterly Mar 2001 - Sep 2020
Australia (%) -6.3 Jun 2020 quarterly Sep 1960 - Jun 2020
Austria (%) -14.5 Jun 2020 quarterly Mar 1989 - Jun 2020
Azerbaijan (%) 0.2 Mar 2020 quarterly Mar 2001 - Mar 2020
Bahrain (%) -8.9 Jun 2020 quarterly Mar 2009 - Jun 2020
Bangladesh (%) 5.2 2020 yearly 2007 - 2020
Belarus (%) -3.3 Jun 2020 quarterly Mar 2006 - Jun 2020

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Kuwait Key Series

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Includes 218 key indicators for Kuwait, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -8.6 2017 yearly 1988 - 2017
Consolidated Fiscal Balance (USD mn) -10,753.192 2017 yearly 1988 - 2017
Tax Revenue (USD mn) 128.142 Dec 2015 monthly Sep 2003 - Dec 2015
Tax Revenue: % of GDP (%) 1.4 2017 yearly 1986 - 2017
National Government Debt (USD mn) 3,442.1 Nov 2020 monthly Dec 1993 - Nov 2020
Government Debt: % of GDP (%) 4.2 Mar 2020 quarterly Dec 2010 - Mar 2020
Forecast: Government Expenditure (KWD bn) 23.881 2025 yearly 1990 - 2025
Forecast: Government Net Debt (KWD bn) 38.428 2025 yearly 1991 - 2025
Forecast: Government Revenue (KWD bn) 22.442 2025 yearly 1990 - 2025
Government Expenditure (KWD mn) 18,245.900 2016 yearly 1989 - 2016
Government Revenue (KWD mn) 13,633.900 2016 yearly 1987 - 2016
Government Revenue: Tax (KWD mn) 486.000 2016 yearly 1987 - 2016
Government Expenditure: Current (KWD mn) 12,125.900 2016 yearly 1989 - 2016
Government Expenditure: Capital (KWD mn) 226.000 2016 yearly 1989 - 2016
Government Surplus/Deficit (KWD mn) -3,247.800 2018 yearly 1989 - 2018
Public Debt (KWD mn) 1,050.000 Nov 2020 monthly Dec 1993 - Nov 2020

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